UK construction PMI slows to six-month low in September

  • by Ahmed Mamdouh
  • October 2, 2018, 8:41 AM
  • 537 Views
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U.K. construction sector growth slowed more than forecast in September, falling to its lowest level in six months amid Brexit fears.  

Construction Purchasing Managers’ Index scored 52.1 last month from 52.9 in August, while analysts had called for a slight retreat to 52.8.

“Construction companies noted that political uncertainty and investor concerns about Brexit had dampened confidence in September.” Markit said.

As of 08:40 GMT, the British pound widened its losses to $1.2974, the lowest level in nearly three weeks.

On Wednesday, the U.K. will release its dominant services sector PMI figures, which would provide a complete picture about the health of the economy in the third quarter.

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